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john boehner is the president's partner at this point. he can't wait for two years for a resolution of this problem. it would be damaging for the markets, for the economy. >> everybody, yeah. >> if this thing drifts for two years. certainly the president would like to have a democratic house, but he doesn't have one right now. he's not going to have one for some time, probably not going to have one after the 2014 elections. >> no? >> so i think this president is focused on trying to get john boehner and republicans to come his way on tax rates which is a position that's popular with the american public as our nbc/"wall street journal" poll showed this week and then get to the end stage bargaining on spending. >> so who prompted this meeting, john? you said there's a real shakeup, you're hearing about a shakeup. who prompted the meeting? was it the president or john boehner? >> reporter: i don't know that yet. i infer from what i heard about a shakeup being required that the speaker might have done it, but i don't know that yet. >> okay. w
john boehner is the president's partner at this point. he can't wait for two years for a resolution of this problem. it would be damaging for the markets, for the economy. >> everybody, yeah. >> if this thing drifts for two years. certainly the president would like to have a democratic house, but he doesn't have one right now. he's not going to have one for some time, probably not going to have one after the 2014 elections. >> no? >> so i think this president is focused...
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now, you know, john boehner has said he's leaving tomorrow, come hell or high water. he's going back home to get red for christmas. he says, you know, there is a telephone. >> not leaving for a long weekend. >> you can negotiate over the telephone? >> can't do it. >> no credibility. can't do it. >> i'm guessing. >> you have to be in washington. >> you know what? i've been hearing some of the analysts say that is a powerful impetus to get a deal done. they don't want to be here for christmas eve, right? >> would the president negotiate from hawaii? he's supposed to go to hawaii on december 17th. >> they have telephones in hawaii, i can tell you. >> no credibility. you have to be in washington. america will not stand for that, for these guys being on vacation. >> nancy pelosi said the deadline is early next week. >> if we don't have a deal by the end of next week, no deal to go over the cliff. >> let's do the countdown. down about 54 points. >> meanwhile, michigan is becoming the 24th right-to-work state here in the country. someone here says unions are toxic for both w
now, you know, john boehner has said he's leaving tomorrow, come hell or high water. he's going back home to get red for christmas. he says, you know, there is a telephone. >> not leaving for a long weekend. >> you can negotiate over the telephone? >> can't do it. >> no credibility. can't do it. >> i'm guessing. >> you have to be in washington. >> you know what? i've been hearing some of the analysts say that is a powerful impetus to get a deal done....
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john har wood is in washington, d.c. with the details on that welcome to the program, john. i would expect that two-thirds of americans might say, the cnbc slogan goes, rice above what is interesting here, the majority of you republicans, 59% say do a deal and 61% of republicans say it is okay to raise tax on those earning more than $250,000. >> well, exactly. what we have seen is that the public has absorbed the idea that the fiscal cliff and going over it would be a very bad thing to do they are looking at what the least bad alternatives r if you look at the "wall street journal" poll, you can see that president obama has the upper harden this in defining what those alternatives -- least bad altern trip. first of all, yet of who do you trust, 38% say they trust president obama to handle the fiscal cliff. that's twice as many as, say, speaker boehner. 14% say both equally. 28% say they don't trust either one of them. then when you look at the specific solutions, you can see that president obama again has the strong hand. when we asked people does the president have a mandat
john har wood is in washington, d.c. with the details on that welcome to the program, john. i would expect that two-thirds of americans might say, the cnbc slogan goes, rice above what is interesting here, the majority of you republicans, 59% say do a deal and 61% of republicans say it is okay to raise tax on those earning more than $250,000. >> well, exactly. what we have seen is that the public has absorbed the idea that the fiscal cliff and going over it would be a very bad thing to do...
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with us today, bob pisani and cnbc.com net net's john carney. john, start with you on google. pulling the plug on its free apps suite for small businesses. starting now companies with fewer than ten employees going to be charged $50, i gather per user, per year. what's this say to you about the possibility that they may start charging regular consumers for these -- >> i don't think they will start charging regular consumers but i think it is great that google is trying to monetize these very valuable products. i've loved gmail. i've loved all of google's office products. i think it is really nice to be able to access them anywhere and i think it is absolutely their right to start charging for it. i do think they're going to try to figure out how to charge even people for even more services but i don't think it will ever come down to charging just the ordinary consumer using their gmail account. >> $50 a year for productivity suite like they have. i think that's cheap. everything for free on the internet? get over it. it's not happening anymore. that model is going to go away.
with us today, bob pisani and cnbc.com net net's john carney. john, start with you on google. pulling the plug on its free apps suite for small businesses. starting now companies with fewer than ten employees going to be charged $50, i gather per user, per year. what's this say to you about the possibility that they may start charging regular consumers for these -- >> i don't think they will start charging regular consumers but i think it is great that google is trying to monetize these...
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here now to tell us is john hoffmeister. john, what's this take on the liquefied natural gas? i didn't even know there were constraints on their exports. >> well, the department of energy has to grant permits to economies that would seek to export natural gas. the study that came out was not an endorsement by the department energy, not yet. it was a third-party report analyzing the situation. it will now go into public discussion. the department of energy hasn't really taken a position yet opt report. but here's the reality. this is buried treasure, larry, this is buried treasure in this country, natural gas, i mean, that could be the stimulus that this economy has been looking for for a decade. >> 100% right. >> if we could develop this natural gas for transportation fuel, for power production, for all of the commercial and industrial uses -- >> the whole nine yards. >> yes, we could build such a transportation infrastructure without imported oil. that's the key thing. we eliminate imported oil. >> and another government study basically makes that case again saying we could b
here now to tell us is john hoffmeister. john, what's this take on the liquefied natural gas? i didn't even know there were constraints on their exports. >> well, the department of energy has to grant permits to economies that would seek to export natural gas. the study that came out was not an endorsement by the department energy, not yet. it was a third-party report analyzing the situation. it will now go into public discussion. the department of energy hasn't really taken a position...
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hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, ent
hi, john. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the...
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. >>> also, later on, did you hear john boehner today? >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there's been to counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> former presidential candidate and vermont governor howard dean says bring it on. going over the fiscal cliff will actually help america. he's going to make his case, very bold statement there, to someone whose company will be decimated by the spending cuts to defense companies. you do not want to miss this confrontation. ricans are alwayso work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the hea
. >>> also, later on, did you hear john boehner today? >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there's been to counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> former presidential candidate and vermont governor howard dean says bring it on. going over the fiscal...
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good evening, john. first of all, what do you make of this? bernanke comes out with this stuff and first the market loves it and then the market hates it. we're going to talk about stocks later but what do you make of bern can i have's policy? >> this would be funny if it weren't so sad. these are the droolings of an adolescent. only a child can believe that you can create economic growth and prosperity simply by buying bonds and creating dollars. how is that going to drive the software innovator in austin or in silicon valley to create the next best thing? it's ludicrous. it's not going to work. it's going to slow down economic growth. >> in 2008 the fed's balance sheet, just like a family or bank balance sheet, $800 billion because it's the fed. at the end of next year, based on what bernanke said today, that balance sheet is going to be $4 trillion. it is absolutely extraordinary with the zero interest rate and all the money they're creating. now john tamny, i know the federal can produce money and destroy the dollar, but the federal can't
good evening, john. first of all, what do you make of this? bernanke comes out with this stuff and first the market loves it and then the market hates it. we're going to talk about stocks later but what do you make of bern can i have's policy? >> this would be funny if it weren't so sad. these are the droolings of an adolescent. only a child can believe that you can create economic growth and prosperity simply by buying bonds and creating dollars. how is that going to drive the software...
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sorry about my rant with john. i was agreeing with john under a way about that. you're a guy that does numbers for a reason. you are more right than anybody out there on your economic calls. calls to the bond market et cetera. what do you make of this deficit fight in d.c.? it seems like a shell game. >> look, have you hit the nail on the head. this is a spending problem, an tax problem. taxes ever depressed because of the cyclical slow down in the economy that we normally expect. the problem is that 23% of gdp plus or minor spending, that's well above the historical numbers and should be closer to 18%. >> how does all of this affect your predictions for 2013? >> well, i mean, look, i think it tells us that the only policy that really matters at this point, is monetary policy. because the reality is whether we have fiscal tightening through a deal or fiscal tightening by going over the cliff. it doesn't matter. and therefore, the entire weight is -- >> or things get better. federal raise rates which is also fiscal tightening. so we have three options, tightening,
sorry about my rant with john. i was agreeing with john under a way about that. you're a guy that does numbers for a reason. you are more right than anybody out there on your economic calls. calls to the bond market et cetera. what do you make of this deficit fight in d.c.? it seems like a shell game. >> look, have you hit the nail on the head. this is a spending problem, an tax problem. taxes ever depressed because of the cyclical slow down in the economy that we normally expect. the...
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john harwood live at the wlous with more on that, john, over to you. >> reporter: sue, we will have full details tonight after 6:30 p.m. but for now, we've got one early release question which the results will not come as a surprise to anybody on our network because the desire by the public for law makers in washington to make a deal is very strong. when we ask people, do you want both sides to compromise on their positions, even if that means cuts in social security and higher taxes, or do you want them to stick to their position, 65% of the american people say they want both parties to compromise only 28% say stick to your positions. that is very consistent with the desire on wall street. and it is on main street as well, to get something done. and as you mentioned, sue, there has not been much external signs of a deal. though we did have an exchange of offers and that at least is something. >> indeed, john, it is. thank you very much. john harwood live at the white house. ty? >> sue, joining us now to discuss the fiscal cliff tug-of-war is a democrat from new york state, senior house
john harwood live at the wlous with more on that, john, over to you. >> reporter: sue, we will have full details tonight after 6:30 p.m. but for now, we've got one early release question which the results will not come as a surprise to anybody on our network because the desire by the public for law makers in washington to make a deal is very strong. when we ask people, do you want both sides to compromise on their positions, even if that means cuts in social security and higher taxes, or...
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john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the downgrade in u.s. credit. president said he's simply not going to negotiate in the negotiating process that results in the same kind of stand-off. here is the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation? which, by the way, we have never done in our history until we did it last year. i will not play that game because we've got to break that habit before it starts. >> so w
john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the...
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what about samsung, john? >> look, i think that this product is very popular among people who i know. an unbreakable screen would be great. this is my screen. it is very broken on my iphone. these things are delicate little flowers. you drop them once or twice and you get shattered. the back of it you can see even worse. an unbreakable screen? great. >> great idea. that galaxy 3 is absolutely on fire. as a phone. i'll tell you what i'm holding out for, john. i hear that down the road they're going to have a flexible screen, a bendable screen. now you've got a real innovation going. i'd even consider switching on that. >> we haven't had a great improvement in screens in a while. this would be great. >>> the company that used to be so hot, you could barely touch. now not. research in motion hoping corporate clients will hold on to their blackberries. rim offering a step by step program helping clients move up to a blackberry 10. smart business move or desperation? >> a little bit of both. i think it is a smart b
what about samsung, john? >> look, i think that this product is very popular among people who i know. an unbreakable screen would be great. this is my screen. it is very broken on my iphone. these things are delicate little flowers. you drop them once or twice and you get shattered. the back of it you can see even worse. an unbreakable screen? great. >> great idea. that galaxy 3 is absolutely on fire. as a phone. i'll tell you what i'm holding out for, john. i hear that down the...
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i say ain't worth it. >> sell, sell, sell. >> john in new york, please, john? >> caller: hey, how you doing, jim? i was wondering how you feel about nokia since they signed on to china mobile. >> everyone's all of a sudden excited about nokia. it's on a run. i understand a $3 stock you go to $4, in the end -- remember, i encourage speculation that's informed, but in the end, i have no real reason, i think it's going to be an afterthought in the big world that is smartphones. joe in florida. a lot of florida callers lately. joe? >> caller: this is joe from florida. how are you doing? >> well, i'm getting ready for the nets season, new players coming. >> caller: we need it bad. >> all right. >> caller: i have a question for you, stj st. jude medical. >> oh, man, they've been crushing that baby, haven't they? >> caller: i can say they said they were going to buy back some stock, 10%. >> yeah, you know what? we're going to take a pass. because unless we have a good fundamental story, we're not going to be encouraged by a buyback. what happens is the story gets wors
i say ain't worth it. >> sell, sell, sell. >> john in new york, please, john? >> caller: hey, how you doing, jim? i was wondering how you feel about nokia since they signed on to china mobile. >> everyone's all of a sudden excited about nokia. it's on a run. i understand a $3 stock you go to $4, in the end -- remember, i encourage speculation that's informed, but in the end, i have no real reason, i think it's going to be an afterthought in the big world that is...
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john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the united states goes over the proverbial fiscal cliff. and that's why president obama has an advantage, because he's willing -- he says, this is what he and his advisers say, he's willing to send the nation off of the fiscal cliff, letting all income tax rates to jump, spending cuts to take hold, investment income rates to jump. he's willing to do that. he thinks republicans would get the political blame. republicans, on the other hand, note that listen, the president's going to have to have another term where he's dealing with what's likely to be a deep recession as a r
john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the...
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this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what is interesting about this conversation. when you hear the speaker talking about the loop holes that is the same rhetoric that we heard from mit romney. >> they are using the stuff that is done in the budget control last year. >> those are terrible talking points. >> let me say this point. >> hang on a second. i want to go to guy benson on another point. there is a lot of talk that the republicans might have a doom's day scenario. if there is a budget stalemate, then the republicans will allow a vote on the house floor which is the democrats from the sen e senate. they wi
this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion in unfunded highbilities those are promises that are made that we have to keep. >> guys, this is part of what...
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i agree with john. they need to get really close then because then there's a sense of urgency and that's what they feel like they can get the votes to get this done right up to the edge of disaster. >> it's not he said, she said. they have put out spending cuts. >> $600 billion that the president talked about in his proposal. >> less than that on medicare, somewhat of a third of that on medicare. the problem is medicare cuts are very, very unpopular deeper they are, so the reason, you know, the president's put his revenue ask out there. wants taxes to go up on the top 2%, that's very popular. the stuff that the republicans want, deeper cuts in entitlements, that's not popular hand that's why they are trading who is going to propose their proposal first. the republicans said we want to raise the medicare eligibility age, whether you like the idea or not and change the inflation adjustment. the question is what in addition to that gets done, and who is going to lay it out on the table first? >> will we ge
i agree with john. they need to get really close then because then there's a sense of urgency and that's what they feel like they can get the votes to get this done right up to the edge of disaster. >> it's not he said, she said. they have put out spending cuts. >> $600 billion that the president talked about in his proposal. >> less than that on medicare, somewhat of a third of that on medicare. the problem is medicare cuts are very, very unpopular deeper they are, so the...
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president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details from the white house on potential cuts and entitlement programs. the white house has shown no willingness to go further than they've already gone and they are winning this argument in terms of public opinion. so, another possibility for a shakeup is for republicans to some how give ground and we'll see whether that happens on decoupling top tax rates, 98% of american families. we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will probably only do if some breakthrough occurs. >> all right, john, thank you. keep us posted. we will
president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details...
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speaker of the house, john boehner said we're still negotiating. he specifically said where is the president on spending cuts, basically threw it back in their court. came off the highs. terms of sectors moving, nice move up in a bunch of groups. semiconductors back, texas instruments had comments, drug index doing well. merck and most of those other big names. sanofi up. delta acquiring a 49% stake in virgin atlantic from singapore, consolidation going on. booking trends have been strong or airlines as well. defense look at this, dfx, historic high. what sequestration worries out there. bottom line, everything on the upside. one sector i want to point out, dollar stores. dollar general came out with an outlook a little below estimates, look, down 7%. all the other ones a downside. they cited tough comps coming up and there are. a challenging environment and a challenging competitive environment. even the dollars stores in a tough competitive environment. >> dollar stores say their margins could be hit in 2013, a story to watch out for. bob pisani,
speaker of the house, john boehner said we're still negotiating. he specifically said where is the president on spending cuts, basically threw it back in their court. came off the highs. terms of sectors moving, nice move up in a bunch of groups. semiconductors back, texas instruments had comments, drug index doing well. merck and most of those other big names. sanofi up. delta acquiring a 49% stake in virgin atlantic from singapore, consolidation going on. booking trends have been strong or...
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john, how did this private and personal meeting between john boehner and the president over the weekend go? do we know? >> we don't know. the white house and speaker's office are both being very disciplined about not disclosing content of the meeting. but i think we can take encouragement from the fact that it took place. this there is some progress an prospect of further progress being made. public and private gain, as you indicated. going to washington to keep pressure on republicans. he believes that is what worked for him ever since the grand bargain talks collapsed in summer of 2011. he campaigned, won reelection. he sees signs of republican cracks in unity about tax rates. bob corker was on our air earlier today, senator from tennessee and said tax rates ought to go up, then we fight about entitlement accounts and the debt limit. i think that's where we are. one thing we need to see from the white house is some sign of what they are willing to give speaker bainer to bring his caucus along on tax rates in terms of entitlement reforms. can't be for nothing. boehner has to be able to
john, how did this private and personal meeting between john boehner and the president over the weekend go? do we know? >> we don't know. the white house and speaker's office are both being very disciplined about not disclosing content of the meeting. but i think we can take encouragement from the fact that it took place. this there is some progress an prospect of further progress being made. public and private gain, as you indicated. going to washington to keep pressure on republicans....
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but the -- when we look at to 2015 we could be looking at turbulent times. >> john, it's karen. can you just clarify something for me? the 6.5 and the inflation target, is that a one-time print at that level and that would change the policy or how do they measure? is it for two quarters? what's the test? >> i only caught part of what you said there, but so, they have two tests, unemployment rate, this is something a little strange about what they're doing. they're looking at the unemployment rate in real time. so, they're saying, once the unemployment rate gets to 6.5%, then they'll start having a discussion about raising short-term interest rates. on the inflation front, they're saying it's based on their forecast, that if they're forecasting inflation, to go as far as 2.5%, then they'll also have a discussion about raising short-term interest rates. now, there's a potential problem here, which is that the fed may have forecasted or too rosy about inflation. they might expect inflation to be stable, right as it's taking off and then they'll be too short, they won't be quick eno
but the -- when we look at to 2015 we could be looking at turbulent times. >> john, it's karen. can you just clarify something for me? the 6.5 and the inflation target, is that a one-time print at that level and that would change the policy or how do they measure? is it for two quarters? what's the test? >> i only caught part of what you said there, but so, they have two tests, unemployment rate, this is something a little strange about what they're doing. they're looking at the...
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the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and i think that's what this set of conversations is about. >> john, it was interesting to hear it from senator corker saying, yeah, we should hold the fight on spending. you about he did it on the assumption that you're going to have this debt ceiling crisis that comes up again and these concessions that come up in i guess february. the president in his initial offer laid out something that he had to say the debt ceiling would be part of that, too. would he have back down and say we could have this conversation again in six weeks? >> that's a really hard issue. he said in the same definitive rates
the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and...
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president obama and house speaker john boehner spoke by phone tuesday. after exchanging new proposals, aides confirm the president gave boehner a revised offer on behind, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports suggest the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. which it hasn't done before. in an interview with abc news, the president says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off, american families will be much better off, f we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1, and i'm confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> and you can see president obama's full inter
president obama and house speaker john boehner spoke by phone tuesday. after exchanging new proposals, aides confirm the president gave boehner a revised offer on behind, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports suggest the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. which it hasn't done before. in...
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we just learned john mcafee has been taken to the hospital in guatemala. this follows news the former software tycoon was about to be deported to belize to face questions over a murder. let's bring everyone up to speed. mcafee has been on the lam for three weeks after the murder of his american neighbor in belize. belize police are seeking him for questioning. this week he fled to guatemala in hopes of finding safety and political asylum. his request for asylum was denied. police announcie ining today th going to fly him back to belize. he's about to be taken to the hospital amid reports he had two mild heart attacks. least been blogging all day today from his detention cell. his lawyer says the heart attacks have not prevented him from blogging, but we don't know why he's in the hospital. what happens now is anyone's guess. this strange movie is far from over. back to you. >> it's going to make a great movie some day. it is unbelievable. >> so bizarre. you know, he's been on the run. now, you know, he's in custody but with two heart attacks. >> i know he'
we just learned john mcafee has been taken to the hospital in guatemala. this follows news the former software tycoon was about to be deported to belize to face questions over a murder. let's bring everyone up to speed. mcafee has been on the lam for three weeks after the murder of his american neighbor in belize. belize police are seeking him for questioning. this week he fled to guatemala in hopes of finding safety and political asylum. his request for asylum was denied. police announcie...
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john, what should the fed do today? what can the fed do today to prevent that sentiment, feeding through potentially to spending on this economy? >> i don't think there's anything the fed can do at this point, because it's not about monetary policy. steve has shown you we've already had a $2 trillion expansion in the fed balance sheets. rates are at zero. and promise to be held there for another three years. so what is it that they're trying to expand the balance sheet further and trying to depress generation treasury yields lower going to do to stimulate the mee? i think it's going to do no good. potentially it could do harm, hurting savers, perhaps boosting commodity prices, raising inflation. if the fiscal cliff goes wrong, the feds have already acted. i think what they are going to do today is a mistake. >> in other words, the extension to $85 billion of outright asset purchases? >> that's correct. we're on emergency management policy more than three years into the recovery. if something goes wrong, you know, the fe
john, what should the fed do today? what can the fed do today to prevent that sentiment, feeding through potentially to spending on this economy? >> i don't think there's anything the fed can do at this point, because it's not about monetary policy. steve has shown you we've already had a $2 trillion expansion in the fed balance sheets. rates are at zero. and promise to be held there for another three years. so what is it that they're trying to expand the balance sheet further and trying...
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john, what are your clients telling you right now? jeff just said i think it was over the weekend that so many of their customers are clenched right now. that they're just waiting to see what the resolution of the fiscal cliff is that they're holding back on orders. is that the case with some of your clients as well? >> well, i think right now we haven't received the clarity of the election we were hoping for. i think both sides republicans and democrats are basically negotiating behind closed doors. hopefully i think the news over the weekend was a lot better than it had been. moving a little bit. senator corker moving as well. we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've been seeing is a lot of accounts looking to take out short
john, what are your clients telling you right now? jeff just said i think it was over the weekend that so many of their customers are clenched right now. that they're just waiting to see what the resolution of the fiscal cliff is that they're holding back on orders. is that the case with some of your clients as well? >> well, i think right now we haven't received the clarity of the election we were hoping for. i think both sides republicans and democrats are basically negotiating behind...
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now, john and pete are talking about what potentially could turn it. you have to look forward into the earnings season and understand the potential for the number of iphones to be sold to hit 50 million. now, the reason that it was down 9 of 11 weeks, why did that begin? it began on the conversation of iphone five constraints. you wanted to order an iphone 5 online. it took you 2 to 4 weeks. now, you order an iphone and this was pointed out to me. you get it in three business days. those constraints aren't there anymore. >> they need to sell 50 million iphones to please people on the street. are they going do that? i'm talking about for a quarter. >> my money says they will. >> i want you to listen to a sound bike. tim cook speaking to brian williams. a lot of people saying they need another product category to take this stock to the next level. let's listen to tim cook and react to it. >> it's a market that we see it's a market that has been left behind. wh what's he talking about? apple tv. >> they do need another product. it's improvements on the ex
now, john and pete are talking about what potentially could turn it. you have to look forward into the earnings season and understand the potential for the number of iphones to be sold to hit 50 million. now, the reason that it was down 9 of 11 weeks, why did that begin? it began on the conversation of iphone five constraints. you wanted to order an iphone 5 online. it took you 2 to 4 weeks. now, you order an iphone and this was pointed out to me. you get it in three business days. those...
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president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
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john boehner is going to speak from the floor of the house. not a brepresser. with an update on fiscal cliff go negotiations. that's coming at noon right after the gavel. in the meantime, you're looking at the final shipment of twinkies. >> behold. >> but where are these cream filled snack cakes? we're going to tell you how you can get your hands on one after the break. >> yuck. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which lis
john boehner is going to speak from the floor of the house. not a brepresser. with an update on fiscal cliff go negotiations. that's coming at noon right after the gavel. in the meantime, you're looking at the final shipment of twinkies. >> behold. >> but where are these cream filled snack cakes? we're going to tell you how you can get your hands on one after the break. >> yuck. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to...
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john, your thoughts? >> reporter: well, as we discussed before the president came in, he was piggybacking on the suggestion that a longer-term fix to the deficit. when he said absolutely, as he did, that i'm not going to play that game. that suggests he's holding in reserve the option that have discussed in 2011, the president said orb concluded he didn't think he had the legal authority to do it. and risk a court fight. it sounds to me like the president is suggesting that would be preferable to going through the same sort of turmoil we went through in 2011, but here again you have the president trying to marshal the political capital, campaign on a pledge to seek higher rates as a partial solution to our long-term fiscal challenges, trying to mobilize business support with the idea that the support of business leaders like the brt would get to republicans in congress who were simultaneously as you know, having their own conversation where eric cantor was talking about the president's obsession with high
john, your thoughts? >> reporter: well, as we discussed before the president came in, he was piggybacking on the suggestion that a longer-term fix to the deficit. when he said absolutely, as he did, that i'm not going to play that game. that suggests he's holding in reserve the option that have discussed in 2011, the president said orb concluded he didn't think he had the legal authority to do it. and risk a court fight. it sounds to me like the president is suggesting that would be...
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>> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting that at least partial offers have been exchanged between the two sides over the past two days. so, clearly, what we know here is that paper is changing hands and the deal making is actually happening right now. what we don't know is what the content of that deal is. and speaker's office telling me right now that they're not going to be able to provide any detail on what was in that counter offer, so, behind the scenes, the mystery continues here. >> so, again, we're not necessarily zeroing in on exactly where that revenue comes from, we don't know if it
>> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting...
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john boehner is trying to valiantly make a compromise. as he said today he's not getting anywhere at all, okay? mr. obama wants higher tax rates. he also wants more revenues from capping deductions. he wants no entitlement reform or nothing to speak of. no discussion of spending cuts. obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the time. it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in the scenario that you just described. but i don't think that is what happens. frankly, i think with the vice president saying today that the issue of whether the top rate is 39.6 or 37 it's really doesn't matter. that was a huge olive branch as our colleague just said. this
john boehner is trying to valiantly make a compromise. as he said today he's not getting anywhere at all, okay? mr. obama wants higher tax rates. he also wants more revenues from capping deductions. he wants no entitlement reform or nothing to speak of. no discussion of spending cuts. obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the...
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>> all right, finally, this john mcafee story is right out of hollywood. we need to start casting the movie. one likely candidate is vladic sheybal who played dr. boogalow. but i found the late, great roy shader, seen as bob fossey in "all that jazz." unfortunately, they are both dead. so, casting remains open. i see on the set one person with facial hair and i think -- if pete had a really, really, really hard weekend, monday morning, he could play john mcafee. >> i had a rough one this weekend, as a matter of fact. boy, that was tough. >> little extra time with tequila mocking bird. >> meggings were too tight? >> no meggings here. >> have you heard of meggings, jane? >> have i heard of what? >> meggings. male leggings. >> oh -- you know -- not where i live. not the part of town where i live. real men live in my neighborhood. if i see that, i'm going to go out and slap him. >> good for you, jane. that's why we like you. >> i'm looking forward to that, then. >> all right. jane, see you tomorrow. >>> coming up next, barnes & nobles, one of barron's top t k
>> all right, finally, this john mcafee story is right out of hollywood. we need to start casting the movie. one likely candidate is vladic sheybal who played dr. boogalow. but i found the late, great roy shader, seen as bob fossey in "all that jazz." unfortunately, they are both dead. so, casting remains open. i see on the set one person with facial hair and i think -- if pete had a really, really, really hard weekend, monday morning, he could play john mcafee. >> i had a...
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basically the gig is up for john mcafee. now mcafee of course the tattooed gun toeth software tycoon that's been on the lam for three weeks after the murder of his american neighbor in please. police were questioning him. this week he fled to guatemala hoping to find safety and political asylum but his request was denied and police just announced this afternoon they're flying him back to belize. belize police tell me they'll be waiting. what happens now is anyone's guess. he could be brought in, charged, he could be released, or, as he told us, he could be made to disappear. but with all the public theater around this man, i find that, brian, very unlikely. >> he kind of -- i don't want to say bragged but he sort of showed off he was smart, he had this whole decoy, he went to guatemala. i made it! you're just like, you can't just come in to guatemala. that's sort of what happened. >> yeah. well the reason had he some confidence, he hired the former attorney general of guatemala as his lawyer. guatemala of course is not a goo
basically the gig is up for john mcafee. now mcafee of course the tattooed gun toeth software tycoon that's been on the lam for three weeks after the murder of his american neighbor in please. police were questioning him. this week he fled to guatemala hoping to find safety and political asylum but his request was denied and police just announced this afternoon they're flying him back to belize. belize police tell me they'll be waiting. what happens now is anyone's guess. he could be brought...
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john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going off the cliff, but the president will be weakened the most. and orrin hatch called geithner's statement one of the most stunning and irresponsible statements that he's heard in some tile. soo can the economy avoid the cliff and rides above? anyway, senior u.s. economist and managing director at ubs. do you think we'll get a deal? >> i think we'll get a deal. do we get it before the holidays or after for markets, it matters. it's been a drag for the last nine months. so the idea that there is more uncertainty now than there was
john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going...
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the company ceo john smith joins us from vancouver this morning. john, why don't you tell us a little bit about what you found in mexico. >> good morning to you, becky. a large project here, will be producing about 50 million ounces of silver over 18 years and has a life well in excess of 20 years. so large project. going to be a base load supplier for us as a business. and compliments nicely the mine that we have in argentina. so very strong corner stone project for us, real happy to have it. >> also i think one of the advantages from what i've read about this is that it's at a lower altitude than other silver mines so it's a little easier to access? >> that's right. a lot of silver mines are higher up. this one is lower. it's accessible. so really from a point of view of access, build and production, it's in a great location for us. >> we've seen a lot of interesting moves, if you want to call them interesting, over the last four years or so. silver has done very well. why do you think that is? >> i think it's just now behaving as a precious meta
the company ceo john smith joins us from vancouver this morning. john, why don't you tell us a little bit about what you found in mexico. >> good morning to you, becky. a large project here, will be producing about 50 million ounces of silver over 18 years and has a life well in excess of 20 years. so large project. going to be a base load supplier for us as a business. and compliments nicely the mine that we have in argentina. so very strong corner stone project for us, real happy to...
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john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like
john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right...
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i want to bring in cnbc chief correspondent john harwood. john, there's been some comments that because the talks have narrowed because of the participants that's a group siechblt does this negate that? >> i don't think so. look. it's always difficult to tell, carl, what's happening. a lot of times you've got the appearance of an absolute gridlock and a thawing going on behind the scenes. we don't really know. he did say that tim geithner in his comment to steve liesman earlier in the week when he said we'll go over the fiscal cliff if we don't get higher rates was reckless talk. the staff resumed conversations yesterday in the phone call between speaker boehner and the president that you mentioned. so it's difficult to tell. i still believe as i've said ever since the election that the conditions are emerging for a potential deal, but you've got to get there when the speaker can rally his troops behind the sort of deal that the president will accept. the president believes he holds the high ground. he has all the tax cuts expiring at the en
i want to bring in cnbc chief correspondent john harwood. john, there's been some comments that because the talks have narrowed because of the participants that's a group siechblt does this negate that? >> i don't think so. look. it's always difficult to tell, carl, what's happening. a lot of times you've got the appearance of an absolute gridlock and a thawing going on behind the scenes. we don't really know. he did say that tim geithner in his comment to steve liesman earlier in the...
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john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled between the principals. wasn't that much going on staff to staff. that's changed today from yesterday. to you have some discussions resumed. i don't want to overplay the significance, but it is an encouraging sign for people who think that the ice had been beginning to crack around some of the positions, especially with the republicans on taxes. we may be looking for some forward movement. got to watch over the next day or so. >> this is good news, john. >> it is good news. it is an indication that we may be intensifying discussions t
john harwood with the details. over to you, john. >> maria, just wanted to bring you up to date on a development, which is the resumption of some staff level discussions between the congress, the speaker's office in particular, and the white house. we've been through a period where both sides, the principa s principals, the speaker and president have been striking tough lines in public, having made some initial moves towards cooperation, but word followed up no more meetings scheduled...
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john lauder is on with us. thanks for coming on. >> thank you for having me. >> you have as good a read as anybody on the high-end consumer and what they're doing now. what can you tell us? >> well, right now we see the high-end consumer is continuing to spend. she has a great deal of confidence in north america, not perhaps as aggressive as we'd like to see her, but she's doing pretty well. we're seeing the high-end consumer in asia continues to be strong. there's been a lot of noise about the demand in china. the reality of what we're seeing is high-end demand in shanghai, beijing and other very developed cities is not as strong as it used to be, but it still continues to be very strong. but the demand in tier two and three cities continues to be extremely strong and fueling a lot of the growth we have in asia. >> do you have a feeling that you'll have a pretty good holiday season? >> so far the numbers seem to be pretty good. you know, there's talk about the last ten days. last ten days is a very important p
john lauder is on with us. thanks for coming on. >> thank you for having me. >> you have as good a read as anybody on the high-end consumer and what they're doing now. what can you tell us? >> well, right now we see the high-end consumer is continuing to spend. she has a great deal of confidence in north america, not perhaps as aggressive as we'd like to see her, but she's doing pretty well. we're seeing the high-end consumer in asia continues to be strong. there's been a lot...
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and he's talking to john hoeven. find out how the luxury consumer is faring. and, is the best item on yum's value menu itself? that's all coming up, top of the hour with jim cramer. your first move tomorrow coming up after this. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enla
and he's talking to john hoeven. find out how the luxury consumer is faring. and, is the best item on yum's value menu itself? that's all coming up, top of the hour with jim cramer. your first move tomorrow coming up after this. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others...
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john harwood will be along with those results. >>> and the mysterious john mcafee is back on u.s. soil after being on the run
john harwood will be along with those results. >>> and the mysterious john mcafee is back on u.s. soil after being on the run
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but first up, speaker john boehner issued a warning for house republican today. the leadership is watching how they vote. this episode of conservatives will remove from key committee posts today and today we learned that house leaders were using an apparent secret list of criteria for who stays and who goes. here with the scoop, cnbc contributor from national review online, robert costa. what's up with this? i want to just add, senator jim demint coming out forcefully against speaker boehner's plan, and house member jim jordan also coming out against the plan. is the gop splintering? is there a civil war? >> larry, i'm here on capitol hill and what a raucous day today was for conservatives. you never really hear about it, but there's a group on capitol hill called the republican steering committee. they're a private group of lawmakers that decide committee spots and they announced that four lawmakers, popular conservatives from the class of 2010 and beyond would lose their coveted committee spots in places like the financial service committee and the agriculture
but first up, speaker john boehner issued a warning for house republican today. the leadership is watching how they vote. this episode of conservatives will remove from key committee posts today and today we learned that house leaders were using an apparent secret list of criteria for who stays and who goes. here with the scoop, cnbc contributor from national review online, robert costa. what's up with this? i want to just add, senator jim demint coming out forcefully against speaker boehner's...
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Dec 5, 2012
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where in the world is john mcafee? is he in belize? he is not. going to give you his new location next. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping an
where in the world is john mcafee? is he in belize? he is not. going to give you his new location next. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it...
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Dec 10, 2012
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john harwood in washington. be sure to tune in tomorrow for c innocence's special fiscal cliff coverage, live from washington. mission critical, rise above d.c., all day long, of course, becky, jim cramer, brian sullivan, maria will be holding lawmakers' feet to the fire in direct interviews about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. earlier on "squawk box," erskine bowles, the co-founder of the fix the debt campaign, co-chair of fiscal responsibility and reform was asked about the progress he thinks both sides were making. >> i think the atmospherics are getting so much better. we've kind of gotten out of the ka kooky theater and gone to dancing the tango with those two guys. any time you start to tango you got a chance. >> joining us this morning from newton, mass, greg manke, economic adviser to the romney campaign, former chair of economic advisers under george w. bush now an economics prof s professor at harvard and ron johnson,
john harwood in washington. be sure to tune in tomorrow for c innocence's special fiscal cliff coverage, live from washington. mission critical, rise above d.c., all day long, of course, becky, jim cramer, brian sullivan, maria will be holding lawmakers' feet to the fire in direct interviews about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. earlier on "squawk box," erskine bowles, the co-founder of the fix the...
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Dec 7, 2012
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. >>> budget talks have resumed between the staff of john boehner and the white house. "wall street journal" says this creates a ne crea breaks a near week long silence as the fiscal cliff looms. they promise to renew the negotiations. and are you earning $250,000, worried about having to pay more tax? you may be able to earn up to $300,000 and not have to hand over more cash to the irs. head to cnbc.com for more. and victor hugo's classic thofl about life, love and hitting the big screen. carolyn went to speak to the stars of the film to find out why the classic story still resonates. ♪ >> i think human truths are human truths and there's also a certain cycle to the world. >> just a look at the world and humanity, and we'll always be moved by a passion for fighting for what we believe in, we've always been moved by love. >> the power of redemption are all themes that transcend time. >> les mis has been performed 10,000 times and seen by 16 people worldwide. and now it's a major motion picture featuring hugh jackman and anne hathaway. so what does it take to transform
. >>> budget talks have resumed between the staff of john boehner and the white house. "wall street journal" says this creates a ne crea breaks a near week long silence as the fiscal cliff looms. they promise to renew the negotiations. and are you earning $250,000, worried about having to pay more tax? you may be able to earn up to $300,000 and not have to hand over more cash to the irs. head to cnbc.com for more. and victor hugo's classic thofl about life, love and hitting...
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Dec 11, 2012
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we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last several weebs as well as record levels, in fact. in term of the flat pr
we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move...
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Dec 6, 2012
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let's hit the biggest pops and drops, where you want to go, john? let's do this news alert you see at the bottom of your screen, then we'll do pops and drops. look at the dow jones industrial average has now dipped into the red, a modest lost only 3.5 points, caterpillar one of the weaker members of the dow helping to lead it as you can see there on your screen into the red. let's look big movers, lululemon is one of them, that stock is getting a pop. >> before the market got earnings coming out, guidance was a little bit weak. we have to focus on the gross margin which improved dramatically here quarter on quarter. i like the ceo comments. i like the name, trading 70 i think it moves to the mid-70s. >> weiss, what do you see with walter? >> one of the most rumored stocks in terms of being bought. hp is always the name mentioned. eventually one day is happens. don't buy it on rumors. >> men's wearhouse a drop today. >> shouldn't be that surprising since joseph a. banks disappointed so i think this is a tough space. i don't care if they're getting in
let's hit the biggest pops and drops, where you want to go, john? let's do this news alert you see at the bottom of your screen, then we'll do pops and drops. look at the dow jones industrial average has now dipped into the red, a modest lost only 3.5 points, caterpillar one of the weaker members of the dow helping to lead it as you can see there on your screen into the red. let's look big movers, lululemon is one of them, that stock is getting a pop. >> before the market got earnings...
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i don't want to -- i'm ready to get the phone call from john taylor. it's not the taylor rule, but it has the same feature that it relates policy to observables in the economy such as unemployment and inflation. so what it's basically doing is how our policy will evolve over time as the economy evolves. it has noimpcati implication th will affect the unemployment rate. we think it's somewhere between 5% and 6% according to our projections. we are a dual mandate central bank, and providing information on both sides is more helpful. so i -- i understand your point, but i think that it's -- that providing information on unemployment and inflation gives more information to the markets, to the public, that allows them infer how our policy is likely to evolve. >> wyatt. >>. [ inaudible question ] >> so long as the inflation condition is met, that's correct. >> wyatt and then josh. >> mr. chairman, wyatt andrews, cbs news. i'd still like to hear a little bit more about why you made this announcement today, specifically tying federal funds and your policy to t
i don't want to -- i'm ready to get the phone call from john taylor. it's not the taylor rule, but it has the same feature that it relates policy to observables in the economy such as unemployment and inflation. so what it's basically doing is how our policy will evolve over time as the economy evolves. it has noimpcati implication th will affect the unemployment rate. we think it's somewhere between 5% and 6% according to our projections. we are a dual mandate central bank, and providing...
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and john mcafee has been arrested in guatemala just hours after he applied for political asylum. he's expected to be expelled to belize where he's wanted for questioning as a person of interest in the murder of his next door neighbor. he says he fears authorities would kill him if he returns to belize. the country's prime minister denies the claim. he calls mcafee paranoid and bonkers. mcafee founded the software company that bears his name but is no longer affiliated with the firm now opened by intel. >>> still to come, firms are declaring special dividends and rush to go close deals before the end of the deal to avoid potential higher taxes next year. will the fiscal cliff cast a dark cloud over m and a. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. >>> more than 150 companies have declared special dividends to get ahead of the higher taxes next year. but some say companies are rush
and john mcafee has been arrested in guatemala just hours after he applied for political asylum. he's expected to be expelled to belize where he's wanted for questioning as a person of interest in the murder of his next door neighbor. he says he fears authorities would kill him if he returns to belize. the country's prime minister denies the claim. he calls mcafee paranoid and bonkers. mcafee founded the software company that bears his name but is no longer affiliated with the firm now opened...